Mugabe vows 100% black ownership of Zim firms

Zimbabwe President Robert Mugabe on Friday vowed to overhaul business laws to require 100% black ownership of firms, up from 51%. (Gallo)

In a pre-election address to the Zanu-PF party faithful on Friday, Mugabe said the government would press ahead with controversial indigenisation policies, despite protestations from foreign investors.

"The notion that capital is more important than any other factors is nonsense," Mugabe told 5 000 delegates in the central city of Gweru. "That philosophy is dirty, filthy and is criminal."